Inspire Investing LLC Has $346,000 Holdings in Darling Ingredients Inc. $DAR

Key Points

• Inspire Investing LLC reduced its stake in Darling Ingredients Inc. by 71% in Q1, now holding 11,064 shares valued at approximately $346,000.
• Analysts have set a consensus price target of $43.57 for Darling Ingredients, indicating a generally positive outlook with a mix of ratings from "Strong Buy" to "Hold."
• CEO Randall C. Stuewe sold 35,000 shares for over $1 million, resulting in a 4.29% decrease in his ownership position.

Inspire Investing LLC lessened its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 71.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,064 shares of the company's stock after selling 27,056 shares during the quarter. Inspire Investing LLC's holdings in Darling Ingredients were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new position in Darling Ingredients during the fourth quarter worth about $25,000. Cary Street Partners Investment Advisory LLC acquired a new position in Darling Ingredients during the first quarter worth about $30,000. Hexagon Capital Partners LLC raised its stake in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after acquiring an additional 500 shares in the last quarter. UMB Bank n.a. raised its stake in Darling Ingredients by 207.1% during the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock worth $64,000 after acquiring an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Darling Ingredients by 101.3% during the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after acquiring an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on DAR. Jefferies Financial Group boosted their target price on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. initiated coverage on Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target on the stock. Robert W. Baird restated a "neutral" rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a report on Friday, July 25th. Finally, Baird R W cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.57.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.07% of the company's stock.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $31.52 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49. The stock's 50 day moving average is $33.47 and its 200-day moving average is $32.97. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 47.75 and a beta of 1.16.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company earned $0.49 earnings per share. Darling Ingredients's revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Darling Ingredients Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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